SB613 - Modifies provisions for return of leased property held by pawn broker to the claimant

SB 0613

Modifies provisions for return of leased property held by pawn broker to the claimant

Sponsor:	Shields
LR Number:	1987S.01I	Fiscal Note:	1987-01
Committee:	Commerce and Environment
Last Action:	04/01/03 - Hearing Conducted S Commerce & Environment Committee		Journal page:
Title:
Effective Date:	August 28, 2003

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Current Bill Summary

SB 613 - This act removes the requirement that property subject to a lease, rental transaction or retail installment contract that is held by a pawnbroker can only be released to the claimant upon payment of all moneys owed to the pawnbroker. A pawnbroker shall be free of liability in connection with the recovery of leased or rental property upon return of such property to the claimant.
JIM ERTLE